Native name | कोल इंडिया लिमिटेड |
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Company type | Public |
| |
ISIN | INE522F01014 |
Industry | Mining, Refinery |
Founded | 1975 |
Headquarters | , India |
Area served | India |
Key people | PM Prasad (Chairman & MD) [1] |
Products | Coal |
Revenue | ₹150,293.06 crore (US$18 billion) (2024) [2] |
₹48,385.78 crore (US$5.8 billion) (2024) [2] | |
₹37,369.13 crore (US$4.5 billion) (2024) [2] | |
Total assets | ₹237,672.26 crore (US$28 billion) (2024) [2] |
Total equity | ₹83,581.90 crore (US$10 billion) (2024) [2] |
Owner | Government of India |
Number of employees | 228,861 (excluding 111,124 contractual workers) (April 2024) [3] |
Website | www |
Coal India Limited (CIL) is an Indian public sector undertaking and the largest government-owned coal producer in the world. [4] [5] [6] Headquartered in Kolkata, it is under the administrative control of the Ministry of Coal, Government of India. [2]
It accounts for around 82% of the total coal production in India. [7] It produced 554.14 million tonnes of raw coal in 2016–17, [8] an increase from its earlier production of 494.24 million tonnes of coal during FY 2014–15 [9] [7] and earned revenues of ₹95,435 crore (US$11 billion) [7] from sale of coal in the same financial year. [9] [10] In April 2011, CIL was conferred the Maharatna status by the Government of India, making it one of the seven with that status. [11] [12] [13] As of 14 October 2015, [14] CIL is a PSU owned by the Central Government of India [15] which controls its operations through the Ministry of Coal. [4] As of 14 October 2015, CIL's market capitalisation stood at ₹2.11 lakh crore (US$25 billion) making it India's 8th most valuable company. [16] [17] [18]
CIL ranks 8th among the top 20 firms responsible for a third of all global carbon emissions. [19]
Coal mining in India had primarily been a private sector enterprise. This changed in September 1956 when the Government of India established its own coal company National Coal Development Corporation (NCDC). [20] Collieries run by the Railways formed the nucleus of NCDC. This was to fulfill the fast growing energy requirements in the country to support rapid industrialization taking place through Five-Year Plans of the Government. In the same year, Singareni Colliery Company, which was operating in Andhra Pradesh since 1920, was also brought under the Government control when the Central Government and state Government of Andhra Pradesh acquired 45% and 55% shares respectively.
In 1971, the Government of India nationalized all the 214 coking-coal mines and 12 coke-ovens running in the private sector, excluding those held by TISCO and IISCO for their captive use. On 1 January 1972, a new Government company Bharat Coking Coal Limited (BCCL) was formed to take control of these nationalized mines and coke-ovens. On 30 January 1973, all the remaining 711 non-coking coalmines of the country in private sector were also nationalized. 184 of these mines were handed over to BCCL, and remaining 527 were handed over to a newly opened department Coal Mines Authority. 4 months later, on 14 June 1973, this department was converted into a separate Government company CMAL. NCDC, earlier formed in 1957, was merged with CMAL, and 45% share-holding of Central Government in Singareni Collieries Company Ltd was also handed over to CMAL. CMAL started functioning with its 4 divisions, viz, Eastern Coalfields, Central Coalfields, Western Coalfields, and Central Mine Planning and Design Institute.
By 1973, all coking coalmines were under BCCL, which was functioning as a subsidiary of Steel Authority of India (SAIL) under Department of Steel of the Ministry of Steel and Mines; and all non-coking coalmines were under CMAL, which was under Department of Mines of the Ministry of Steel and Mines. For better control, both BCCL and CMAL were brought on 11 October 1974 under the Department of Coal (now an independent Ministry) of the newly formed Ministry of Energy.
On 1 November 1975, a new public-sector company Coal India Limited (CIL) was formed to enable better organizational and operational efficiency in coal sector. All the 4 Divisions of CMAL were given the company status, and were brought under CIL along with BCCL. 45% share-holding of the CMAL in Singareni Collieries Company was also transferred to CIL, and CMAL was closed.
Thus, CIL started functioning in 1975 with 5 subsidiary companies under it. These were Bharat Coking Coal Limited (BCCL), Eastern Coalfields Limited (ECL), Central Coalfields Limited (CCL), Western Coalfields Limited (WCL), and Central Mine Planning & Design Institute Limited (CMPDIL). In due course of time, 3 more companies were formed under CIL by carving out certain areas of CCL and WCL. These were Northern Coalfields Limited (NCL), South-Eastern Coalfields Limited (SECL), and Mahanadi Coalfields Limited (MCL).
Pursuant to the Fuel Policy of 1974, CIL also started the construction of India's First Low Temperature Carbonisation Plant at Dankuni in the late 1970s. It was renamed as Dankuni Coal Complex, and is one of the only operational Coal gas plant of this kind in the world. [21] Dankuni Coal Complex has been incurring heavy loss due to the Greater Calcutta Gas Supply Company (formerly known as Oriental Gas Co.) giving non-remunerative price and fixing them unilaterally. Coal India is planning to venture into Coal-to-Methanol technology at the existing Plant.
The Government of India held 100% equity of CIL from 1975 till 2010.
In October 2010, the Government of India made an initial public offering (IPO) of 10% of the equity shares of CIL (631.6 million equity shares) to public at an offer price of ₹245 (US$2.90) per share (at face value of ₹ 10 per share). [22] The IPO was oversubscribed by 14.17 times. [22] Against an IPO issue size of ₹15,500 crore (equivalent to ₹350 billionorUS$4.2 billion in 2023) it received bids for ₹2.4 lakh crore (equivalent to ₹5.4 trillionorUS$65 billion in 2023) making it the second highest collections in any IPO in India. [23] On the first day of its listing on the stock market, its shares soared 40% higher than IPO price. [24] [25] With the listing, CIL became the fourth most valued company on the Indian stock exchanges with a market value of ₹2.16 lakh crore (equivalent to ₹4.8 trillionorUS$58 billion in 2023). [24] CIL was included in the 30-member BSE SENSEX on 8 August 2011.
On 30 January 2015, in an offer for sale (OFS), Government of India sold a further 10% stake in CIL. Priced at ₹358 (US$4.30) per share, the sale fetched the government ₹22,557.63 crore (equivalent to ₹340 billionorUS$4.08 billion in 2023), making it the largest ever equity offering in the Indian share market. [26]
CIL is the largest coal producing company in the world. It produced 536.51 MT (million tonne) coal during FY 2015–16. [27] Coal India operates through 83 mining areas in 8 states of India. As on 1 April 2015, it has 430 coal mines out of which 175 are open cast, 227 are underground and 28 are mixed mines. [7] Production from open cast mines during FY 2014–15 was 92.91% of total production of 494.24 MT. [7] Underground mines contributed to 7.09% of production. CIL further operates 15 coal washeries, out of which 12 are for coking coal and 3 are for non-coking coal with 23.30 MTY and 13.50 MTY capacities respectively. CIL's only Low Temperature Carbonisation Plant of Dankuni Coal Complex is currently run on lease basis by its subsidiary SECL. In addition to above, it also manages 200 other establishments like workshops, hospitals, training institutes, mine-rescue setups, etc.
CIL produces coal through seven of its wholly owned subsidiaries. These are Eastern Coalfields Limited (ECL), Bharat Coking Coal Limited (BCCL), Central Coalfields Limited (CCL), Western Coalfields Limited (WCL), South Eastern Coalfields Limited (SECL), Northern Coalfield Limited (NCL), and Mahanadi Coalfields Limited (MCL). Its 8th wholly owned subsidiary Central Mine Planning & Design Institute Limited (CMPDIL) provides exploration, planning and technical support to all the 7 production subsidiaries. CMPDIL also provides consulting services to third-party market clients in the field of exploration, mining, allied engineering & testing, management-systems, training, etc. The North Eastern Coalfields (NEC) and Dankuni Coal Complex (DCC) are owned directly by the parent holding company of CIL. However, DCC has been leased to SECL since 1995.
CIL also has a wholly owned subsidiary in Mozambique, Coal India Africana Limitada (CIAL) for pursuing coal mining opportunities in that country.
The details of number of employees, revenue for FY 2012–13 and production of coal is given in the table below:
Name of Subsidiary | Employees (as of 31 March 2023) | Revenue (₹ billion for FY2012-13) | Coal Production(in million Tons) | ||
---|---|---|---|---|---|
Coking Coal | Non-Coking Coal | Total Coal Production | |||
Bharat Coking Coal Limited (BCCL) | 36172 | 89.37 | 26.970 | 4.243 | 31.213 |
Central Coalfields Limited (CCL) | 34902 | 92.38 | 16.156 | 31.905 | 48.061 |
Eastern Coalfields Limited (ECL) | 50867 | 97.40 | 0.043 | 33.868 | 33.911 |
Mahanadi Coalfields Limited (MCL) | 21770 | 120.93 | - | 107.894 | 107.894 |
Northern Coalfields Limited (NCL) | 13752 | 99.86 | - | 70.021 | 70.021 |
South Eastern Coalfields Limited (SECL) | 41743 | 176.48 | 0.157 | 118.062 | 118.219 |
Western Coalfields Limited (WCL) | 34289 | 74.23 | 0.330 | 41.957 | 42.287 |
Central Mine Planning and Design Institute (CMPDI) | 2850 | 6.05 | - | - | - |
Coal India Africana Limitada | - | - | - | - | - |
North Eastern Coalfields | 663 | - | - | 0.605 | 0.605 |
Dankuni Coal Complex | 131 | - | - | - | - |
CIL Headquarters | 664 | 13.78 | - | - | - |
Total | 237803 | 770.49 | 43.656 | 408.555 | 452.211 |
Joint Ventures: CIL has two joint ventures -
Listing: CIL's equity shares are listed on the Bombay Stock Exchange where it is a constituent of the BSE SENSEX index and the National Stock Exchange of India where it is a constituent of the S&P CNX Nifty.
Shareholding: On 30 January 2015, 79.65% of the equity shares of the company were owned by the Government of India and the remaining 20.35% were owned by others. On 30 January 2015, in an Offer For Sale (OFS), Government of India sold a further 10% stake in CIL. Priced at ₹358 (equivalent to ₹540orUS$6.50 in 2023) per share, the sale fetched the government ₹22,557.63 crore (US$2.7 billion), making it the largest ever equity offering in the Indian share market. [26] On 18 November 2015, Government of India approved another 10% stake sale in CIL. [28]
Shareholder Type ( December 2023 ) | Percentage (%) |
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Promoters | 63.13 |
Domestic Institutional Investors | 23.06 |
Foreign Institutional Investors | 8.81 |
Public & Other | 4.00 |
Government Holding | 0.10 |
Corporate Holding | 0.90 |
Coal India had 333,097 employees as on 31 March 2015, out of which 314,259 were non-executives and 18,838 were executives.
Coal India reported a rise of almost 46% in its net profit for the quarter ended March 31, 2022 in consolidated terms. India's biggest coal miner had posted a consolidated net profit of ₹4,586.78 crore in the year-ago period.
The company registered sales worth ₹30,046.25 crore during the quarter under review compared with ₹24,510.80 crore. Total revenue from operations stood at ₹32,706.77 crore during Q4 FY22, against ₹26,700.14 crore in Q4 FY21. [29]
CIL planted 1.57 million saplings during 2014–15. [9] In its annual report CIL informed that it has planted around 82 million trees over an area of around 33700 Ha. [30]
Coal India is implementing 8 Pumped storage projects with the help of NHPC by converting all de-coaled mines. [31]
In September 2011, CAG criticised CIL for operating 239 mines in seven coal producing subsidiaries, which existed prior to 1994, without environmental clearance. [32] [33] These mines included 48 open-cast, 170 underground and 21 combined mines. In its report, the CAG also pointed out that of the 18 sample open-cast and eight underground mines, ten mines had undertaken capacity expansion without environmental clearances. The company, in its reply, said that applications for clearances to the projects have already been submitted to the Ministry of Environment and Forests. [32]
In India, some coal mines are located near/below the tiger reserves. Mining or construction of administrative offices in/near these reserves disturbs the wildlife. Hence environmental organisations like Greenpeace have been opposing mining in these areas. [34] [35] Around 50% of the energy requirements of India are met by coal. [9] Hence the protection of wildlife is sometimes overlooked due to this fact. [36] In its argument, the CIL said that in many cases it only does underground mining which does not hurt the forests above. [35]
CIL reported lowest ever figures of average 66 deaths and 251 serious accidents per year for the period 2010–2012, indicating that safety at workplace is improving over the years. [9] Critics claim that the safety practices in most mines are inadequate, which is causing too many casualties. [37] It is also claimed that many accidents and deaths are not recorded and hence are not part of 'official figures'. [38]
Jharia is a neighbourhood in Dhanbad city in Dhanbad Sadar subdivision of Dhanbad district in Jharkhand state, India. Jharia's economy is heavily dependent on the local coal fields, used to make coke. However, fires in the coal fields have made the city heavily polluted, with several government studies recommending relocation of much of the population to nearby Belgaria.
Bharat Coking Coal Limited (BCCL) is a subsidiary of Coal India Limited which is inturn under the ownership of Ministry of Coal, Government of India, Its headquarters is located at Dhanbad and Kolkata, India. It was incorporated in January, 1972 to operate coking coal mines operating in the Jharia and Raniganj Coalfields and was taken over by the Government of India on 16 October 1971.
Tavan Tolgoi is one of the world's largest untapped coking and thermal coal deposits, located in the Ömnögovi Province in southern Mongolia. It has a total estimated resource of 6.4 billion tonnes, one quarter of which is high quality coking coal. It is divided into six sections: Tsankhi, Ukhaa Khudag, Bor tolgoi, Borteeg, and Southwest and Eastern coalfields. The Tsankhi section is the largest part, and is divided into East and West Tsankhi - these have had the most focus recently.
Coal in India has been mined since 1774, and India is the second largest producer and consumer of coal after China, mining 777.31 million metric tons in FY 2022. Around 30% of coal is imported. Due to demand, supply mismatch and poor quality with high ash content, India imports coking coal to meet the shortage of domestic supply. Dhanbad, the largest coal producing city, has been called the coal capital of India. State-owned Coal India had a monopoly on coal mining between its nationalisation in 1973 and 2018.
Central Coalfields Limited (CCL) is a subsidiary of Coal India Limited (CIL), an undertaking of the Government of India. CCL was established in 1956 as National Coal Development Corporation Limited and is a Category-I Mini Ratna company since October 2007. CCL manages the nationalized coal mines of the Coal Mines Authority, Central division. CCL is headquartered at Darbhanga House, Ranchi, Jharkhand.
South Eastern Coalfields Limited (SECL) is the largest coal producing company of India. It is a "Miniratna" Company, and one of eight fully owned subsidiaries of Coal India Limited. The company has its headquarter at Bilaspur, Chhattisgarh, India and 92 mines spread over Chhattisgarh & Madhya Pradesh; 70 underground, 21 opencast, and 1 mixed. It is a schedule 'B' Mini Ratna CPSE in coal & lignite under the administrative control of the Ministry of Coal.
Western Coalfields Limited (WCL) is one of the eight Subsidiary Companies of Coal India Limited (CIL) which is under administrative control of the Ministry of Coal. The Company incorporated under the Companies Act, 1956 has its registered office at Coal Estate, Civil Lines, Nagpur–440001. WCL has been conferred "Miniratna" status on 15 March 2007. The company has contributed about 6.7% of the national coal production during 2014–15. It has mining operation spread over the states of Maharashtra (in Nagpur, Chandrapur & Yeotmal Districts) and Madhya Pradesh (in Betul and Chhindawara Districts). The company is a major source of supplies of coal to the industries located in Western India in the States of Maharashtra, Madhya Pradesh, Gujarat and also in Southern India in the States of Andhra Pradesh, Tamil Nadu, Karnataka and Kerala. A large numbers of Power Houses under Maharashtra, Madhya Pradesh, Gujarat, Karnataka, Punjab and Uttar Pradesh - Electricity Boards are major consumers of its coal along with cement, steel, chemical, fertilizer, paper and brick Industries in these states.
Eastern Coalfields Limited (ECL) is a coal producer based in India. The company was founded in 1975 after nationalisation of coal mines in India. It operates coal mines in Jharkhand and West Bengal states of India. It inherited all the private sector coal mines of the Raniganj Coalfield. It is one of the fully owned subsidiaries of Coal India Limited. The company has its headquarters at Sanctoria, in West Bengal.
Sudamdih is a neighbourhood in Dhanbad in Dhanbad Sadar subdivision of Dhanbad district in Jharkhand state, India.
Raniganj Coalfield is primarily located in the Asansol and Durgapur subdivisions of Paschim Bardhaman district of West Bengal. It spreads over to the neighboring districts of Birbhum, Bankura, Purulia and to Dhanbad district of Jharkhand.
Korba Coalfield is located in Korba district in the Indian state of Chhattisgarh in the basin of the Hasdeo River, a tributary of the Mahanadi.
Lodna is a neighbourhood in Dhanbad in Dhanbad Sadar subdivision of Dhanbad district in Jharkhand state, India.
The Rajmahal Coalfield is a large coalfield located in Jharkhand in eastern India.
Jharia coalfield is a large coal field located in the east of India in Jharia, Dhanbad, Jharkhand. Jharia represents the largest coal reserves in India having estimated reserves of 19.4 billion tonnes of coking coal. The coalfield is an important contributor to the local economy, employing much of the local population either directly or indirectly.
The Benga Coal Mine is a coal mine located in Tete, Changara District, Tete Province, Mozambique. The mine has coal reserves amounting to 1.9 billion tonnes of coking coal, one of the largest coal reserves in Africa and the world. The mine is operating and is currently producing prime hard coking coal and thermal coal.
Public Sector Undertakings (PSU) in India are government-owned entities in which at least 51% of stake is under the ownership of the Government of India or state governments.These type of firms can also be a joint venture of multiple PSUs. These entities perform commercial functions on behalf of the government. Depending on the level of government ownership, PSUs are officially classified into two categories: Central Public Sector Undertakings (CPSUs), owned by the central government or other CPSUs; and State Public Sector Undertakings (SPSUs), owned by state governments. CPSU and SPSU is further classified into Strategic Sector and Non-Strategic Sector. Depending on their financial performance and progress, CPSUs are granted the status of Maharatna, Navaratna, and Miniratna.
Jharia was a community development block that formed an administrative division in Dhanbad district, Jharkhand state, India. Jharia has been merged with Dhanbad Municipal Corporation.
Western Jharia Area is one of the 12 operational areas of BCCL located in Dhanbad Sadar subdivision of Dhanbad district in the state of Jharkhand, India.
Eastern Jharia Area is one of the 12 operational areas of BCCL located in Dhanbad Sadar subdivision of Dhanbad district in the state of Jharkhand, India.
Rajhara Area is one of the operational areas of the Central Coalfields Limited located in the Palamu and Latehar districts in the state of Jharkhand, India.